No but keep track of those repairs as it will add to your cost basis when you go to sell it and have to pay capital gains.

While there's no strict requirement to match the original mortgage terms, reinvesting the full proceeds without financing or using leverage to enhance returns is key.If you don't reinvest the full amount, any shortfall ("boot") will be subject to capital gains tax, and depreciation recapture may apply.This post does not create a CPA-Client relationship.

@Tori Rhodes faster ways to scale:Buy a portfolio from another investor- Get seller financing from a savvy one that doesn't want capital gains hit!

So, many people choose to operate in their own personal name but buy an additional umbrella policy to protect themselves from liability.

You won't pay taxes on the gains because it would be your primary residence. 

In short, I can afford the additional $1100/mo cost of a second house, even until I rent it out.I have around $35K in HYSA and emergency funds that I could use for a down payment, but that's less than 20% which would be required for a conventional loan, assuming full purchase price.

Additionally, I wanted to begin using properties to pull equity to go towards buying more.

That quote will be the basis for any additional damage request. 

That is an additional savings. 4.

Specifically I would love additional guidance when it comes to the process of forming a syndication to purchase apartment buildings.